Q4 target met and Fed’s inflation challenge
A less hawkish-than-expected tone from Federal Reserve Chair Powell sent the S&P 500 (SPX) just beyond our expected fourth quarter upside range of 8-12%.
Read MoreVideo – Why recession call is so important
In this short video look past the year-end rally and discuss why a call for recession is so key to determining if October represented “a” low vs. “the” low. …
Read MoreLet’s get right to the point
This is a short week, so let’s get right to the point with a summary of our year-end and 2023 framework:
Read MoreVideo – TGIF wrapup
In this short video we discuss our tactical game plan relating to what history suggests in the range of outcomes into year-end…
Read MoreSweet spot mojo and year-end outcome
In the November Macro Slide Deck, we noted that history suggested very weak performance through the first three quarters of a calendar year should lead to a fourth-quarter gain…
Read MoreThoughts on market ramp during year-end rally
Today’s CPI data and strong upside market reaction fits well within our view on the “temporary sweet spot and year-end rally” we highlighted earlier this week. In this short…
Read MoreVideo – The temporary sweet spot and year-end rally
In this short video we discuss the fundamental excuse investors have identified justify the expected year-end rally. In our view, it was a market set up for a rally…
Read MoreNovember Macro Slide Deck
The year-end rally remains in place as the temporary sweet spot of “bad news is good news” keeps investor hopes alive the Fed may back off its rate…
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